The future of enterprise in IoT – 2017

June 23rd, 2017, Published in Articles: EE Publishers, Articles: EngineerIT

 

We are trained from an early age to view history in easy to understand blocks of change. Antiquity, medieval, the renaissance, industrial revolution, and the modern era all have their clearly defined periods.

However, it is far harder to picture a new age when you are living through it. Yet the new digital age we are entering is turning everything we do and think on its head at a breath-taking pace. It really will be a new age – a Fourth Industrial Revolution – where life for all of us will be nothing like what has gone before. Advances in miniaturisation, wireless connectivity, and increased data storage capacity mean that we can transform everyday objects into a network of information that allows us to understand our world more than ever. The internet of things (IoT) has become the vanguard ushering in this new age. It is the eyes and ears of the world around us and is enabling radical change in our homes and work.

The Inmarsat Research Programme is dedicated to understanding the IoT phenomenon in some of our most important industries – agritech, energy production, transportation, and mining. These sectors are the foundation to security and stability in the world. By 2050, world population will hit 10-billion people, which will demand entirely new thought processes if we are to live sustainably and peacefully on this planet. We will need new production methods if we are going to feed everyone. Mass urbanisation will challenge how we connect our cities and enable transportation across the world. The demand for energy will only increase, putting huge strain on the need to improve sustainability and energy efficiency. And without the raw materials from mining, our ability to build the infrastructure needed for a growing society will be severely restricted.

Our research confirmed that IoT is currently the most prominent technology in the digital transformation that is washing through businesses the world over. Eighty-two percent of respondents told us they will have adopted some form of IoT within the next two years. It has taken a lead over other forms of innovation – but importantly this is because without the sensors and the information they provide, many other innovations stall. Machine learning, robotics, automation, 3D printing, artificial intelligence and augmented reality in many circumstances can only bring significant value when they are guided by the most accurate data possible. IoT is the foundation for all these technologies so it is little wonder that we have picked up in our research that it is being deployed at the rate that it is.

However, this is not to say that there are not significant challenges for organisations. A more connected world brings with it a host of issues that many feel ill-equipped to currently handle.

Data has become vital and a decisive factor in the profitability and success of nearly every organisation, making data theft ever more attractive for criminals. Three quarters of respondents in our survey agreed that they needed to improve their processes to protect against malicious attacks; and just over half reported the need to reduce the risks of accidental misuse by employees. Time is not on their side, and the speed of IoT development makes it critical that the sectors surveyed overhaul their approach to security to smooth the transition to becoming digital-first businesses.

See the full article: click here

Contact Jonathan Sinnatt, Inmarsat, jonathan.sinnatt@inmarsat.com

Related Articles

  • Charging electric cars is not without its challenges
  • Half-brick 150 W DC-DC converters
  • Engineer@Leisure – Steaming into history
  • Economic street level imagery surveys for smaller municipalities
  • Quality inspection for food and beverage packaging